Markets

The New Development Bank is having trouble finding dollar funds to repay debts, the Wall Street Journal said. It was established by the BRICS bloc of nations to offer alternatives to dollar lending. But its own finances were deeply reliant on Wall Street, which backed away after the Ukraine war. Loading Something is loading. Thanks… Continue reading A China-based bank that’s trying to de-dollarize global lending is now having trouble repaying its dollar debts, report says

The current housing market offers 39% fewer homes for sale than pre-pandemic, Redfind said. In the four weeks to June 11, the total number of US homes for sale saw the biggest decline in 13 months. Homeowners are unwilling to part ways with low mortgage rates secured before borrowing costs went up. Loading Something is… Continue reading The housing market has about 40% fewer homes for sale than before the pandemic, and listings keep falling

Chinese investor participation will revitalize the country’s market, Mark Mobius said. But they will only return once China solves its property-sector and debt problems. Real-estate is seen as a key investment in China, the market veteran told Bloomberg TV. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Chinese investors will be back once the country’s property and debt problems are resolved, Mark Mobius says

Shares of Virgin Galactic soared on Friday on news the company was readying commercial flights. After years of delays, the first flight will take place on June 27, with another scheduled for August. The stock spiked 47% Friday, but is still trading far below highs reached in 2021.  Loading Something is loading. Thanks for signing… Continue reading Virgin Galactic surges 47% as Richard Branson’s space tourism company preps first commercial flight

Tesla’s massive share-price rally is thanks to Elon Musk’s increased role at the EV maker, activist investor Ross Gerber said Thursday. “We just have seen full-fledged how Elon’s focus makes such a huge difference,” Gerber told Yahoo Finance. Tesla shares are up by more than 50% since Musk announced a replacement Twitter CEO. Loading Something… Continue reading Tesla stock’s dazzling rally is thanks to CEO Elon Musk’s renewed focus on the EV maker, activist investor says

Microsoft’s market capitalization climbed to an unprecedented $2.59 trillion Thursday as its stock extended gains. The tech giant’s shares have rallied more than 45% so far this year, buoyed by the investor frenzy over AI-related stocks. Microsoft has been viewed as one of the lead adopters of AI technology among software companies. Loading Something is… Continue reading Microsoft’s market value hits an all-time high of $2.6 trillion as the AI-fueled stock surge continues

The housing market remains tight, and some US cities are seeing homes that are listed more than 40% above their historical value.  New data from Florida Atlantic University broke down the most overpriced housing markets in the country. Five of the 10 most overpriced cities are located in Florida. Loading Something is loading. Thanks for… Continue reading These are the top 10 cities where Americans are overpaying for houses

Bitcoin fell below $25,000 on Thursday, as monetary policy adds to pressure from regulators.  Central bankers held interest rates steady but signaled more rate hikes to come. Crypto markets have been reeling from SEC lawsuits targeting Binance and Coinbase.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Bitcoin falls below $25,000 as Fed signals more hawkish moves ahead and regulatory screws tighten on the sector